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ACCA P4 & P5

  • 14-11-2010 11:39pm
    #1
    IIDSIIELMO
    Registered Users, Registered Users 2 Posts: 55 ✭✭


    Finally have gotten around to doing my last 2 exams, never thought I'd see the day. Does any one have any hints or tips for P4 or P5, it would be greatly appreciated?


Comments

  • #2
    kikililly
    Registered Users, Registered Users 2 Posts: 169 ✭✭kikililly


    I'm doing both of these aswell. Have the revision weekend for P4 this weekend and did the P5 one last week.
    I have zero clue of P4 so far i'm hoping my tutor this week will be brilliant i always find it hard to settle into a subject until after the revision.

    But for P5 what i undersand is you should look at each question in a birds eye view type of way don't restrict yourself to an answer from one chapter in the book if you know what i mean, understand how each section compliments another i.e. if they have a scenario about a manufacturing co wanting to raise profits you could talk about the performance pyramid but don' forget the other things which must always be talked about when discussing manufacturing like TQM, JIT etc and then maybe talk about their product and look into the BCG or Ansoff, also EMA is a hot topic.

    I'm not saying you throw down everything you know about everything but there are hints in the question ask yourself how each sentence might be hinting at a model and then link them together. This exam is not looking for a number cruncher to pass its looking for a strategic mind that can take in all the info and push the company in the right direction as a result.

    Anybody who has a bit of insight to P4 i'd appreciate it. I remember when i did f7 i had such a good understanding of that exam i wish i had that feeling about this one, you used to be guaranteed consolidation etc and it was so easy to study for it you just made sure you knew how to do that!!!


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